Re: [205+PH] KanoPool kano.is 0.9% fee 7 BTC giveaway 🐈 US,UK,JP,NYA,DE,SG

somewhat lower luck and btc price dynamics this month brought me into the minus territory.
what's the kano miners overall situation, if i may ask?

According to my minergain account with a single S9, based on the prices that the block was found, I made $114 which currently is worth $97 since I am HODL. My power is .124 per kw, so just under $140 to power it for the month. So yes, a bit of a loss. The crazy part is that I just bought and installed 2 more S9's for way less then my first S9 since there are so many coupons going around from bm and they delivered it in a little over a week. I have bought btc straight out and had more of a loss on that so far. So it really is whether you believe in the long term opportunity of BTC and whether you can pay for your power and HODL.

I guess it depends on each person's situation...for me my total daily cost for all of my 20 machines is $61.04 (fixed fees) and based on today's spot price I have averaged $72.96 per day so far this month. So I'm slight ahead for June and I was way ahead in May.

However I don't pay much attention to that...I fortunately hit my lifetime breakeven point in September 2017 (incorrectly referred to as ROI by most miners) and thanks to some timely BTC sells I made in November and December of last year, I am about $32K in the positive lifetime after the $48K I spent earlier this year to upgrade all of my older S7s/A721s and for a years worth of host fees for all of my machines. It's the long term picture I pay attention to...

I guess that it is nice to have fixed hosting fees, no matter if you are running a 11.85th or a 14th machine Wink

My somewhat older models got about $30-40 less in btc than electricity cost.
This is, of course, just a beginning and I don't care about a small loss.
At some point, though, it might become easier to just buy btc, which would be detrimental to the network since work will be concentrating even more in lower cost areas like China.